Opening Your Account

The first step for this offer will be to open an account with Paddy Power and deposit £10. As with all our beginner offers we advise using Betfair to lay off the bet.

The majority of bookmakers will give you an option somewhere on their site to change the displayed odds between fractional and decimal. In our beginners offers section we will display the odds in both fractional and decimal formats however, we advise you change the settings where possible to decimal.

Change to Decimal Odds scrolling down the left hand side of the page and selecting “Decimal” from the drop down list.

Find & Place Your Qualifying Bets

Use the Pure Profit Oddsmatcher software to find a close match between the Paddy Power back odds and the exchange lay odds, the back odds need to be 1.5 (1/2) or above. We recommend sticking to high profile football matches or horse racing. For your convenience the Oddsmatcher has been pre set to only display matches that meet the minimum odds required to qualify for your free bet (1.5 or above). We recommend sticking to high profile football matches or horse racing.

Step 2 – Work Out Your Qualifier Lay Stakes

Once you have found a selection you are happy with, click the “i” on your match to open up the Pure Profit Calculator and work out your lay stake and liability.

Select “Normal” at the top.

The bookmaker stake is £10.

Enter the Paddy Power back odds.

Enter the exchange lay odds.

Enter the lay commission.

Press enter on your keypad.

IMPORTANT – It is very important to make sure you have enough liability in your Betfair account to cover the bet and also make sure there is enough liquidity in the market you are betting in.

Step 3 – Place Your Qualifying Bets

The lay stake and the liability will be shown to you. The “liability” is the amount you need to deposit into the exchange. Deposit the recommended amount into Betfair and place your £10 bet with Paddy Power, followed by your exchange lay bet. Make sure both bets are confirmed and the lay bet has been fully matched.

Turning Your Free Bet Into Risk Free Profit

Step 1 – Find Your Free Bet

You now need to place your 3 £10 free bets, we recommend placing these on the same event.

Use the Pure Profit Oddmatcher to find a close match between the Paddy Power back odds and the exchange (Betfair) lay odds. To maximise profit from your free bet we advise using as odds high as possible (above 4.0, 3/1), it is important to remember the higher the odds, the more money you will need in the exchange to cover the liability.

For those with a smaller bank, find the best possible match at odds where you can afford the liability, somewhere in the region of (3.0, 2/1) would be good. Ideally we would advise odds above (4.0, 3/1) but again, for those with a smaller bank it’s not essential so lock in as much profit as you can.

For your convenience the Oddsmatcher has been pre set to not display any arbs and only show odds above 3.5.

Step 2 – Work Out Your Qualifier Lay Stakes

Once you have found a selection you are happy with, click the “i” on your match to open up the Pure Profit Calculator and work out your lay stake and liability.

Select “Free Bet (SNR)” at the top.

The bookmaker stake is £30. (or £10 if you’ve decided to place the bets on separate events)

Enter the Paddy Power back odds.

Enter the exchange lay odds.

Enter the lay commission.

Press enter on your keypad.

IMPORTANT – It is very important to make sure you have enough liability in your Betfair account to cover the bet and also make sure there is enough liquidity in the market you are betting in.

Step 3 – Place Your Paddy Power Free Bet & Betfair Lay Bet

Now you have worked out your correct lay stake and liability it is time to place your free bet. Start by depositing the recommended liability into Betfair. Place your free £30 worth of bets with Paddy Power immediately followed by your exchange lay bet, make sure both bets are confirmed and the lay bet has been fully matched. Once you have completed the first £10 Free Bet move on to the second and then the third.

Summary

Once these bets have settled, you should aim to have made around £24 profit if you have decent sized bank, those with a smaller bank will be closer to £20.